This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:

Themes

Economics

Case Length

:

19 Pages

Period

:

19915-2007

Pub. Date

:

2008

Teaching Note

:

Not Available

Organization

:

--

Industry

:

-

Countries

:

Russian
Federation

Abstract:

Emerging from the dissolution of the Union of Soviet
Socialist Republic (USSR) or the Soviet Union, the Russian Federation (Russia)
had to contend with huge economic problems. The case discusses the macroeconomic
stabilization policies and economic restructuring implemented by Boris Yeltsin,
the first President of Russia, to transform its centrally planned economy into
one that was more market-based. The case goes on to explain the policy measures
introduced subsequently by Vladimir Putin, Russia's second President. The case
discusses Russia's economic condition under the two Presidents and the impact of
the policies implemented by Yeltsin and Putin on the Russian economy.

The case ends with a discussion on the challenges facing the
Russian economy.

Issues:

» Understand the challenges in transforming a centrally planned economy into a
market-based economy.